05-Feb-2024
Power
” New Delhi : Today, in a historic moment marking a significant stride towards India’s energy security and socio-economic development, Hon’ble Prime Minister Narendra Modi laid the foundation stone of the Phase-1 NLC India Talabira Thermal Power Project 3×800 MW (2,400 MW) in Sambalpur, Odisha.” : Sarkaritel.com
” New Delhi : Indian Renewable Energy Development Agency Limited (IREDA), in partnership with its knowledge partner Boston Consulting Group (BCG), convened a Strategic Meeting in Gurugram today, February 2, 2024, focusing on key aspects of business expansion and initiatives aimed at cost reduction in fund utilization.” : Sarkaritel.com
PM Modi Lays Foundation Stone for NLC India Talabira Thermal Power Project
New Delhi : In a historic moment marking a significant stride towards India’s energy security and socio-economic development, Hon’ble Prime Minister Shri Narendra Modi laid the foundation stone of the Phase-1 NLC India Talabira Thermal Power Project 3×800 MW (2,400 MW) in Sambalpur, Odisha. : psuconnect.in
Coal India Chairman honoured with ‘Bhaskar Bhattacharjee Memorial Award’
New Delhi : Coal India Limited (CIL) has been honoured with the distinguished “Bhaskar Bhattacharjee Memorial Award” by IIT (ISM), Dhanbad. Shri Prasad was conferred with the Award during “Basant,” the annual IIT (ISM) alumni reunion, held at the institution’s campus in Dhanbad, Jharkhand. : psuconnect.in
PM Modi To Launch 2400 MW NLC Talabira Thermal Power Station Project
Bhubaneswar : NLC India Ltd., a Navratna Public Sector Enterprise under the Ministry of Coal, is setting up a 2,400 MW coal-based Ultra Super Critical Pit Head Thermal Power Project at Talabira in Jharsuguda district of Odisha at an estimated cost of Rs 27,212 Crore and further 800 MW is also planned in the second phase with investment of over Rs 8000 Crore approximately. : pragativadi.com/
Tata Power Solar Systems facilitates financing worth Rs 3,500 cr for solar projects
New Delhi : Tata Power Solar Systems facilitates financing worth Rs 3,500 cr for solar projects. : Economic Times
Under VGF scheme, 1 GW of offshore wind will come off TN, Gujarat coast: RK Singh
New Delhi : Under the Viability Gap Funding (VGF) scheme, offshore wind projects of 500 MW will come along the Tamil Nadu coast and 500 MW will come along the Gujarat coast, totalling 1 GW, said Minister for Power and New and Renewable Energy RK Singh on Friday. : psuwatch.com
Solar lights for Chamunda trail in HP; solar fencing for farmers to bar strays
New Delhi : The Himalayan state of Himachal Pradesh, where farming communities are vulnerable to the effects of climate change, is focusing on a renewable energy transition — the path to keep 1.5 degrees Celsius in reach. : Sarkaritel.com
Karnataka eyes place in sun: Pavagada set to reclaim world’s largest solar park title
New Delhi : The Karnataka government is all set to expand the production capacity of the country’s second-largest Pavagada solar park in Tumakuru district from 2,050 MW (2.05 gigawatt, or GW) to 2,350 MW (2.35 GW) to reclaim its position as the world’s largest of its kind. : Sarkaritel.com
Government invites bids for Development of 4 GW Off-shore Wind Energy Projects off the coast of Tamil Nadu
New Delhi : The Government of India has invited bids for the development of off-shore wind energy of a total capacity of 4 GW. The bids invited are for four blocks of 1 GW each on open access basis, for development of offshore wind power projects off the coast of Tamil Nadu, through international competitive bidding. : Sarkaritel.com
India emerges as driving force of 118-nation International Solar Alliance
New Delhi : The International Solar Alliance (ISA), a joint effort between India and France for increased deployment of solar energy technologies to bring energy security/access is growing in strength. : Sarkaritel.com
PM Modi to launch infrastructure projects worth ?79,000 crore in Odisha, Assam visit
New Delhi : PM Modi to launch infrastructure projects worth ?79,000 crore in Odisha, Assam visit. : Economic Times
Nepal SC issues show-cause notice over government’s power trade deal with India
New Delhi : Nepal SC issues show-cause notice over government’s power trade deal with India. : Economic Times
Budget 2024: Solar power allocation rises by 110 per cent
New Delhi : Budget 2024: Solar power allocation rises by 110 per cent. : Economic Times
India’s first solar-powered village in Gujarat a template for country to follow
New Delhi : A unique blend of tradition and modernity, the hamlet of Modhera, nestled in the heart of Gujarat, has carved its name in history by becoming India’s first solar-powered village. : Sarkaritel.com
Coal Ministry receives 10 offline bids for seven coal mines
New Delhi : Coal Ministry receives 10 offline bids for seven coal mines. : Economic Times
Rooftop solar charges up electric vehicle boom in India’s smaller cities
New Delhi : The push given to rooftop solar installation in the Interim Budget ties in with its high rate of adoption in Tier-II and -III cities of India. : Business Standard
PSPCL power generation dips by 35% in January due to scant rain
New Delhi : In January this year, hydro power generation (till Jan 23) was just 1,925 lakh units against 3,067 lakh units last year. : Hindustan Times
Govt invites bids for 4GW offshore wind energy projects in Tamil Nadu
New Delhi : Govt invites bids for 4GW offshore wind energy projects in Tamil Nadu. : Economic Times
Government invited bids to set up 4GW wind energy projects in Tamil Nadu
New Delhi : Under the administration of the Ministry of New and Renewable Energy, the initiative aims to allocate four blocks each with a 1GW capacity managed by Solar Energy Corporation of India [SECI]. : psuconnect.in
Nand Lal Sharma is new HERC chairman
New Delhi : Nand Lal Sharma, who hails from Himachal Pradesh, was chairman and managing director of Satluj Jal Vidyut Nigam Limited in Shimla before the Haryana government appointed him as HERC chairman. : Hindustan Times
Oil and Gas
” New Delhi : In just two years, India Energy Week has become a prominent part of the global energy calendar. With the fastest growing major economy, a growing consumer base, and an inviting investment climate, we’ve carved out a niche in the energy landscape.” : Sarkaritel.com
” New Delhi : As a major step towards meeting its goals of Net Zero commitment and reducing carbon footprint, Coastal Karnataka-based petroleum Refinery Mangalore Refinery and Petrochemicals Ltd.(MRPL) has taken up variousinitiatives towards a shift to sustainable practices and greener fuels.” : Sarkaritel.com
ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh crore in FY25
New Delhi : ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. : Economic Times
MRPL signs long-term RLNG pact with BPCL
New Delhi : As a major step towards meeting its goals of net-zero commitment and reducing carbon footprint, coastal Karnataka-based petroleum Refinery Mangalore Refinery and Petrochemicals Limited (MRPL) has taken up various initiatives towards a shift to sustainable practices and greener fuels. : psuwatch.com
SAF, Green Hydrogen, CCUS likely to be in spotlight at IEW 2024: EIL CMD
New Delhi : India is gearing to host the second edition of its flagship energy sector event, India Energy Week (IEW) 2024, in Goa from February 6-9. : psuwatch.com
MRPL intensifies Greener Fuel initiatives Signs Long term RLNG pact with BPCL
New Delhi : As a major step towards meeting its goals of Net Zero commitment and reducing carbon footprint, Coastal Karnataka-based petroleum Refinery Mangalore Refinery and Petrochemicals Ltd. (MRPL) has taken up various initiatives towards a shift to sustainable practices and greener fuels. : psuconnect.in
Oil set for weekly loss despite gain on OPEC+ output decision
New Delhi : Oil set for weekly loss despite gain on OPEC+ output decision. : Economic Times
High-powered USIBC delegation to attend India Energy Week in Goa
New Delhi : High-powered USIBC delegation to. attend India Energy Week in Goa : Economic Times
Higher exports, cheaper oil imports boost trade balance; Houthis cast a shadow
New Delhi : Higher exports and lower prices for oil imports have helped India to reduce its trade deficit in recent months but the conflict in the Red Sea area which has emerged as a threat to shipping has emerged as a spoilsport. : Sarkaritel.com
BP names Thomson as permanent CFO, wrapping up management revamp
New Delhi : BP names Thomson as permanent CFO, wrapping up management revamp. : Economic Times
PM Modi to launch infrastructure projects worth ?79,000 crore in Odisha, Assam visit
New Delhi : PM Modi to launch infrastructure projects worth ?79,000 crore in Odisha, Assam visit. : Economic Times
Petrol sales rise 9.3%, diesel 3.1% in January
New Delhi : Consumption of petrol soared 9.3% in January from a year earlier and that of diesel rose 3.1% after a sluggish December as people returned from their holiday breaks to the office and economic activity picked up. : Economic Times
Russian crude oil share in imports dips to 25% in January
New Delhi : The share of Russian oil in India’s crude imports fell to 25% in January from 31% in December 2023 and an all-time high of 44% in May last year as price discounts narrowed, the Red Sea attacks drove up freight and US sanctions hurt shippers. : Economic Times
Govt raises windfall tax on petroleum crude to Rs 3,200/tonne
New Delhi : The government raised its windfall tax on petroleum crude to Rs 3,200/ton from Rs 1,700 on Saturday while keeping the windfall tax on diesel and aviation turbine fuel at zero. : Economic Times
Sluggish participation by foreign companies lowers oil revenue estimates
New Delhi : A sluggish participation of foreign companies in exploration and production (E&P) so far has prompted the government to moderate its revenue collection estimates from the petroleum sector in FY25 (2024-25), officials said. : Business Standard
Disinvestment-bound SCI to spearhead govt’s Green Hydrogen scheme in shipping
New Delhi : The government has mandated disinvestment-bound Central Public Sector Enterprise (CPSE) Shipping Corporation of India (SCI) to serve as the scheme implementation agency (SIA) for Component A of the government’s plan to deploy Green Hydrogen in the shipping sector. : psuwatch.com
Govt increases windfall tax on crude petroleum to ?3,200/tonne
New Delhi : The government announced a hike in the windfall tax on petroleum crude, adjusting it to ?3,200 per tonne from the previous rate of ?1,700 per tonne, effective February 3. : Mint
Apollo Micro Systems bags Rs 25.58 crore order from Indian Oil
New Delhi : Aerospace and Defense designing firm Apollo Micro Systems has declared the lowest bidder [L1] to receive the letter of acceptance from an Indian oil corporation for an order worth Rs 25.58 crore. : psuconnect.in
In the Lok Sabha poll year, oil companies get marketing Budget boost
New Delhi : The Interim Budget looks to bolster the refinery and marketing activities of oil companies in 2024-25, following a year of declining expenditure. It is poised to provide additional financial muscle to the three public-sector oil marketing companies (OMCs) — IOC, BPCL, and HPCL — in the months leading up to the general election. : Business Standard
Government has raised windfall tax on crude oil to Rs 3200 from Rs 1700 per ton
New Delhi : The government cut windfall tax on petroleum crude from Rs 2300 per ton on January 16. It revises the tax every two weeks. India initially introduced the windfall tax in July 2022 in response to the increasing prices of crude oil. : psuconnect.in
